IIROC outlines abusive HFT strategies

James Langton HFT costs global markets US$5 billion annually, FCA research finds Related news These sorts of abuses aren’t exclusively the domain of high-frequency, or algorithmic, traders, but they may be easier to carry out with this sort of technology, on a larger scale, and may pose systemic risks to market integrity, the guidance notes. However, the IIROC guidance also stresses that it is the abusive nature of the practice, not the means to conduct it, that harms market integrity. These kinds of trading practices are prohibited, whether they are conducted manually or electronically, and whether they rely on automated order systems and direct electronic access, or not, the notice points out. In addition to confirming that IIROC considers certain trading strategies to be violations of market integrity rules, the guidance also spells out that, as gatekeepers to the securities market, dealers must develop and implement appropriate policies and procedures to effectively address, detect, prevent and report manipulative and deceptive activity. And, it notes that its trade desk reviews will examine these sorts of policies and procedures to assess their adequacy. In its notice, IIROC reports that industry estimates put HFT activity at between 25% and 40% of trades on Canadian marketplaces. And, it notes that it is currently working on a study of HFT activity in the Canadian market that will provide an impact analysis of the effects of HFT on market quality and integrity. It also says that it is enhancing its monitoring capabilities through automated regulatory alerts “to detect highly-automated manipulative activity that may otherwise be challenging to identify”. IIROC adds that its HFT study may also generate further insights into novel forms of manipulative and deceptive activity requiring additional alerts. Comments on the proposed guidance is due by October 15. Getting ghosted by the markets The Investment Industry Regulatory Organization of Canada (IIROC) Tuesday published new draft guidance, confirming that it considers certain high-frequency trading (HFT) strategies to be manipulative or deceptive, and against the trading rules. IIROC has released draft guidance that stress that the self-regulatory organization (SRO) considers tactics such as layering, quote stuffing, quote manipulation, spoofing, and “abusive liquidity detection”, to be market manipulation under the trading rules. Share this article and your comments with peers on social media U.S. derivatives regulator allows ICE speed bump Keywords High frequency trading Facebook LinkedIn Twitter read more

Canadian Teams Named for Adequan Global Dressage Festival CDI-O3*

first_imgDressage Canada has announced the two teams that will represent Canada at the upcoming Adequan Global Dressage Festival CDI-O3* February 18 to 23, at the Palm Beach International Equestrian Center in Wellington, Florida.Canada Team 1David Marcus (Campbellville, ON) / Chrevi’s Capital, 14-year-old Danish Warmblood gelding owned by Deborah Kinzinger-Miculinic;Belinda Trussell (Stouffville, ON) / Anton, 14-year old, Saxony gelding owned by Robyn Eames;Brittany Fraser (New Glasgow, NS) / All In, 9-year-old Dutch Warmblood gelding owned by Brittany Fraser;Chris Von Martels (Ridgetown, ON) / Zilverstar, 10-year-old Dutch Warmblood gelding owned by Chris Von Martels.Canada Team 2Megan Lane (Loretto, ON) / San D’or, 8-year-old Westphalian gelding, owned by Deer Ridge Equestrian;Evi Strasser (Sainte Adele, QC) / Rigaudon Tyme, 10-year-old Oldenburg gelding, owned by Evi Strasser;Tom Dvorak (Hillsburgh, ON) / Ribot, 12-year-old Oldenburg gelding owned by Carla Bahr;Jill Irving (Moncton, NB) / Dio Mio, 11-year-old Hanoverian gelding owned by Windhaven Farm.Canadian Team Reserve: Maya Markowski (St. Clements, ON) / Lumiere, 11-year-old Canadian Warmblood gelding owned by Maya Markowski.The Canadian teams will be supported by Chef d’Equipe, Liz Steacie, Team Manager, Christine Peters, Technical Advisor, Dr. Volker Moritz and Special Advisor, Desi Dillingham.The Adequan Global Dressage Festival will play host to top equestrian talent from around the world. Since its inception this event has gained a reputation as an important event both nationally and internationally.“We have two strong talented teams representing Canada, a great mix of big tour and small tour horses and we are looking forward to a successful competition.” said Team Manager, Christine Peters.To learn more about the Adequan Global Dressage Festival CDI-O3* click here. Tags: Tom Dvorak, Liz Steacie, Evi Strasser, David Marcus, Belinda Trussell, Chris Von Martels, Chrevi’s Capital, Megan Lane, Adequan Global Dressage Festival, Christine Peters, Dio Mio, Rigaudon Tyme, Desi Dillingham, Brittany Fraser, All In, Maya Markowski, Lumiere, Zilverstar, Jill Irving, Ribot, Dr. Volker Moritz, Anton, San D’or, Subscribe to the Horse Sport newsletter and get an exclusive bonus digital edition! Email* We’ll send you our regular newsletter and include you in our monthly giveaways. PLUS, you’ll receive our exclusive Rider Fitness digital edition with 15 exercises for more effective riding. Horse Sport Enews SIGN UP More from Horse Sport:Christilot Boylen Retires From Team SportAfter an exemplary career as one of Canada’s top Dressage riders, seven-time Olympian Christilot Boylen has announced her retirement from team competition.2020 Royal Agricultural Winter Fair CancelledFor only the second time in its history, The Royal Agricultural Winter Fair has been cancelled but plans are being made for some virtual competitions.Royal Agricultural Winter Fair Statement on 2020 EventAs the Province of Ontario starts to reopen, The Royal’s Board and staff will adhere to all recommendations put forward by government and health officials.Government Financial Assistance for Ontario FarmersOntario Equestrian has recently released this update of several financial assistance packages available, including those for farm business.last_img read more

Linde Group extends in Russia

first_imgGet instant access to must-read content today!To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.Don’t just stay connected, stay at the forefront – join gasworld and become a subscriber to access all of our must-read content online from just $270. Subscribelast_img

Hydrogen research wins major award

first_imgSubscribe Get instant access to must-read content today!To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.Don’t just stay connected, stay at the forefront – join gasworld and become a subscriber to access all of our must-read content online from just $270.last_img

Staff are finally reaping the rewards of construction’s recovery

first_imgGet your free guest access  SIGN UP TODAY Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to building.co.ukBreaking industry news as it happensBreaking, daily and weekly e-newsletters Subscribe now for unlimited access To continue enjoying Building.co.uk, sign up for free guest accessExisting subscriber? LOGINlast_img read more

Network Rail orders Harsco Stoneblowers

first_imgUK: Harsco Rail has won a contract to supply infrastructure manager Network Rail with seven Stoneblower track maintenance machines. The deal announced on June 29 includes a long-term spare parts and software support agreement.The Stoneblowers are scheduled to be delivered over two years from late 2019, and will replace the current units which are around 20 years old. The latest generation will be equipped with a computerised measurement and design system and automatic stone metering. Stoneblowers restore track geometry by using a pneumatic process to inject ballast under the sleepers. According to Harsco this ensures that track is suitable for operation at line speed as soon as it is handed back, and means that the track geometry lasts for up to three times longer than with equivalent tamping methods.last_img read more

UWF Announces 2019 Athletics Hall of Fame Induction Class

first_img Print Friendly Version PENSACOLA, Fla. – The University of West Florida is pleased to announce a group of three inductees into the UWF Athletics Hall of Fame as the Class of 2019.The Class of 2019 includes Dick Appleyard as a special achievement recipient, Naiara Fernandes from women’s volleyball and Chelsea Palmer from women’s soccer. Appleyard will be the 16th special recognition inductee, while Fernandes will be the second inductee from women’s volleyball and Palmer will be the ninth from women’s soccer. The Hall of Fame currently has 100 individuals and five teams. The inaugural class was announced in 1970, with a class presented every year since 2001.The 2019 UWF Athletics Hall of Fame Banquet is scheduled for Saturday, Nov. 2, 2019 at 9:30 a.m. at the UWF Conference Center Ballroom. A limited number of tickets are available for $35 and may be purchased by contacting the UWF athletic department at 850-474-3003. Naiara FernandesWomen’s Volleyball, 2005-06Belo Horizonte, Brazil2-time First Team All-Gulf South Conference … GSC All-Decade Second Team selection … Ranks seventh in school history in kills (962), 11th in digs (706) and fifth in aces (101) … Second Team All-South Region in 2006 … Established the school-record for kills in a match (34 in 2006 NCAA Regional Semifinal) and a season (598) which both still stand … Earned NCAA Regional All-Tournament Team honors in 2006 as UWF made the first postseason appearance in program history … Had a season-high 26 kills in the NCAA First Round win over Washburn and then a school-record 34 a day later in the Regional Semifinal against Central Missouri … Averaged 7.5 kills/set in the 2006 NCAA Regional … Had 30 double-digit kill matches and 23 double-doubles in 2006 … As a junior transfer in 2005, she posted 12 double-doubles with 18 double-digit kill matches and 13 double-digit dig matches.center_img Dick AppleyardSpecial AchievementMember of the UWF Football Founders … Member of the UWF Sword & Shield Council, an elite group of major donors who help guide UWF Intercollegiate Athletics and athletics development initiatives … The Appleyard Agency has provided corporate sponsorship assistance to UWF for a number of years, fostering relationships with community partners and advertisers for the department … Dick and his wife, Carolyn, have donated in support of UWF Athletics, scholarships, football and men’s basketball … Member of the UWF men’s basketball team from 1973-74. Chelsea PalmerWomen’s Soccer, 2012-13Plano, Texas2-time First Team All-America – one of just two in program history – and 2-time First Team All-GSC … 2012 NSCAA National Player of the Year … Helped UWF to the 2012 NCAA National Championship where she was named the Most Outstanding Player … 2013 GSC Player of the Year … Second in school history with 35 assists and 10th with 91 points, while scoring 21 goals … Her 19 assists in 2012 are second in the single-season chart and her 16 in 2013 are tied for fifth.last_img read more